Rwanda, Feb 8 – Mineral exports in Rwanda grew by a massive 210% in 2017, significantly pushing the trading bar into a high notch. The tailored market for the countrys minerals seems to have expanded, putting pressure on the demand for the same. The improvement took the exports revenue to $248.5m in comparison to the outstanding $80.1m in 2016.
Generally, the East African country saw its total exports improve by 57.6 per cent in the previous year, to hit $943.5m. This was a growth by $353.8m as compared to the previous numbers raked in the countrys total exports.
It is a positive report for the Sub-Saharan country that asserts a rather solid economy in 2017, and the government can hope for a stellar performance in the New Year. It sounds a stern warning to its neighbouring regional countries, with the competition getting stiffer. This will greatly improve the countrys economy with investors already cementing their print in the African soil.
The government has put necessary changes in the sector that have avidly benefited the key players. Job opportunities will be opened for more workers to tap into unused labor for effectiveness and efficiency. It opens opportunities for other fields that could make beneficial return on investments.
The use of upgraded mining technology has made mining activities better with better quality production to deliver quality minerals to the market. The techniques used have borne fruits and hope to produce more of the same in the coming year. This has been made possible with mega-money investors chipping in to help the industry.
Intense environmental studies in the exploratory areas have been a key factor to the growth of the sector, ensuring safety measures are carried out for the environment and general public. The government has been adamant only to give green light to secured premises free from the harm of flora and fauna.
They have gotten rid of middlemen who stood in the way of the business, buying out the financial effect of the sector by shrewd business activities. This has made the industry to operate under minimal disturbance as it were, and have an effective process.
Coffee and tea exports added to the impressive record of the countrys exports with tea receipts moving up by 32.9 per cent as coffee followed by a 9.6 per cent increase.
